Mercury Systems reported a GAAP loss of $5.64 million for the first nine months of fiscal year 2022, compared to a profit of $44.119 million in the prior year. Revenue increased 3.8% to $698.468 million from $673.154 million a year earlier.

Mercury Systems' GAAP loss for 6 months of fiscal year 2022 was $9.779 million, compared to a profit of $28.484 million in the prior year. Revenue increased 7% to $445.393 million from $416.297 million a year earlier.

Mercury Systems completed its acquisition of Avalex Technologies. The company supplies elements for electronic aviation devices, including displays, communication control systems, digital video recorders and public address systems. Terms of the deal were not disclosed.

Mercury Systems reported a GAAP loss of $7.14 million for 3M 2022, compared to a profit of $15.798 million in the previous year. Revenue increased 9.4% to $225.013 million from $205.621 million a year earlier.